Swisscom (OTCMKTS:SCMWY) Shares Gap Down – What’s Next?

Swisscom AG (OTCMKTS:SCMWY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $74.7556, but opened at $72.30. Swisscom shares last traded at $72.18, with a volume of 1,259 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SCMWY. Kepler Capital Markets raised shares of Swisscom to a “strong sell” rating in a research report on Tuesday, September 23rd. BNP Paribas raised shares of Swisscom from a “hold” rating to an “outperform” rating in a research report on Thursday, October 2nd. Finally, Zacks Research raised shares of Swisscom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Swisscom has a consensus rating of “Hold”.

Swisscom Price Performance

The company has a market cap of $378.44 billion, a P/E ratio of 25.63 and a beta of 0.26. The company’s 50-day moving average is $72.00 and its two-hundred day moving average is $72.18.

Swisscom (OTCMKTS:SCMWY) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. Swisscom had a net margin of 8.87% and a return on equity of 10.34%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Equities research analysts anticipate that Swisscom AG will post 3.47 EPS for the current year.

Swisscom Company Profile

Swisscom AG is Switzerland’s leading telecommunications provider, offering a broad range of consumer and business communications services. Its core activities include mobile and fixed-line telephony, broadband internet, and digital television for residential customers, together with comprehensive information and communications technology (ICT) solutions for corporate and public-sector clients. The company also develops and markets cloud computing, data center, IoT and cybersecurity services, and supplies wholesale network access to other operators and service providers.

Swisscom’s origins lie in the Swiss state telecommunications system; over time it evolved from a government monopoly into a partly privatized joint-stock company while remaining majority-owned by the Swiss Confederation.